Short Questions Answers 1. Who are some of the basic users of financial statements and how do they use them? Financial statements contain a balance sheet, income statement, cash flow statement and the statement of retained earnings of a firm. Various stakeholders use the firm’s financial statement. The basic users of financial statements are shareholders, […]
Chapter 1: Introduction
Very Short Questions Answers Define business economics. Business economics is defined as the branch of economics which deals with application of economic principles and methods for business and managerial decision making of firms. Write any five characteristics of business economics. The features of business economics are as follows: i. Business economics is micro economics. ii. […]